Amundi Euro Government Tilted Green Bond UCITS ETF Acc

What this fund is

Amundi Euro Government Tilted Green Bond UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker CB3 (ISIN LU1681046261). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, focused on the European market. Rather than a manager picking stocks, it simply replicates the Bloomberg Euro Treasury Green Bond Tilted Index index — the passive, low-cost approach, and its largest holdings include FRANCE OAT 1.75% 25Jun39, REPUBLIC OF I BTPS 4% 30Apr35 and FRENCH REPUBL OAT 0.5% 25Jun44. Spread across roughly 402 holdings (the ten largest ≈ 16.1%), no one position makes or breaks the fund.

Its biggest country exposures are ~24.6% France, ~22.7% Italy and ~19.8% Germany. Its heaviest sectors are ~100% Government. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.14% a year — about €14 a year on a €10,000 holding, taken automatically from the fund. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash.

It holds the underlying investments directly (physical replication); it is domiciled in Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR. Its price has swung about 4.4% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2018. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Amundi.)